| ELEMENT LIST | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | %CHANGE | PREVIOUS QUARTER | % CHANGE |
|---|---|---|---|---|---|
| Sales/Revenue | 50.54 | 41.94 | 20.505 | 57.45 | -12.027 |
| Gross Profit (Loss) | 33.61 | 23.33 | 44.063 | 37.08 | -9.358 |
| Operational Profit (Loss) | 32.79 | 22.61 | 45.024 | 17.25 | 90.086 |
| Net Profit (Loss) after Zakat and Tax | 18.96 | 12.24 | 54.901 | 5.45 | 247.889 |
| Total Comprehensive Income | 18.96 | 12.24 | 54.901 | 5.21 | 263.915 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| ELEMENT LIST | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | %CHANGE |
|---|---|---|---|
| Total Share Holders Equity (after Deducting Minority Equity) | 1,072.14 | 1,121.32 | -4.385 |
| Profit (Loss) per Share | 0.27 | 0.17 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| ELEMENT LIST | EXPLANATION |
|---|---|
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The net profit attributable to company’s shareholders increased due to:
1. The increase in the gross profit because of increase revenues due to increase Office and Retail sectors, as well as decrease the cost of revenue. 2. The increase of operating profit during the current quarter due to the increase in the company's share of income of associates, the decrease in selling and marketing expenses, in addition to the increase in other income. This is despite the increase in Finance cost and Zakat compared to the same quarter of the previous year. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is | The increase in the net profit attributable to the shareholders of the company compared to the previous quarter is mainly due to the increase in the operational profit as a result of the decrease in General & admin expenses as well as marketing expenses and Zakat as well as for not recording impairment losses during this quarter compared to previous quarter. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Certain prior period figures have been reclassified to conform with the presentation in the current period |
| Additional Information | The Revenues increased by 20.50% during this quarter due to increase by 88% in offices segment represented in Qbec plaza, which was acquired by the end of June 2020, as well as increase in Retail segment by 11 % represented in Andalus mall and strip malls due to recording less discounts provision compared to the same quarter of the previous year.
The reason for the decrease in the hospitality segment represented by Al-Andalus Mall Hotel is due to the decrease in the current occupancy rates compared to the similar rates from the previous year.
The Condensed consolidated Financial statements for the period ended 31st March 2021 will be available on Al-Andalus Property Website. As well as the Investor Presentation for the same period will be available on Al-Andalus Property website and application within the Investors relations section under investors presentations.
http://www.alandalus.com.sa |
| Attached Documents |  |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}